Istithmar Completes Acquisition of Barneys
07/09/2007 21:40
PR Newswire
DUBAI, United Arab Emirates, September 7 /PRNewswire/ -- Istithmar announced today the completion of its acquisition of luxury
retailer Barneys New York at a purchase price of USD 942.3 million. The
company announced the closing following the signing of definitive documents
on 8 August 2007 and obtaining clearance from U.S. antitrust authorities to
buy the luxury retail chain.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070805/268060 )
About Istithmar:
Istithmar is a private equity and alternative investment house
headquartered in Dubai, the United Arab Emirates, with offices in Shanghai
and New York. Established in 2003, it is 100% owned by Dubai World which in
turn is wholly owned by the Government of Dubai. In the three years since its
inception, Istithmar has invested in over 30 companies in three sectors -
consumer, industrial and financial services. Istithmar's 'I' Investment
Philosophy is based around three core principles - Ideas, Inquiry and
Integrity - and is the foundation on which the firm has established a broad
portfolio of highly successful investments in the markets from North America
and Europe to Asia and the Middle East. http://www.istithmar.ae
For further information, please contact:
Hwee-Suan Ong or Mohamed Tahboub
PanGulf PR
Tel: +97150-786-2997
Fax: +9714-295-1027
E-mail: Hweesuan@batespangulf.com or mohamed@batespangulf.com
For further information, please contact: Hwee-Suan Ong or Mohamed Tahboub, PanGulf PR, Tel: +97150-786-2997, Fax: +9714-295-1027, E-mail: Hweesuan@batespangulf.com or mohamed@batespangulf.com